JLL Capital Markets has arranged a $40 million refinancing for 99 Hudson Street, a 183,958-square-foot office building in Tribeca, Manhattan. The borrower is an affiliate of Olshan Properties, a privately held real estate investment firm. Built in 1930, the 17-story Class B office building has been owned by Olshan since 1983. The property is located at the corner of Hudson and Franklin Streets.
Construction is rising quickly on 8 Carlisle, a 64-story residential skyscraper at 8 Carlisle Street in Manhattan’s Financial District. Designed by Handel Architects and developed by Grubb Properties and Pink Stone Capital, the 789-foot-tall structure will span 326,221 square feet and yield 462 residential units. The project will also include 7,000 square feet of ground-floor retail space and a 60-foot-long rear yard. The property is alternately addressed as 111 Washington Street and located at the corner of Washington and Carlisle Streets, just south of the World Trade Center complex.
The Landmarks Preservation Commission has approved plans for a church-to-residential conversion at 121 East 7th Street in Manhattan’s East Village. Designed by George Architect PLLC, the project will involve an upper-level expansion to the 64-foot-tall structure and will yield eight homes and nearly 2,400 square feet of community facility space. Historic elements of the church’s façade will also be restored. The property is located between Avenue A and First Avenue near Tompkins Square Park.
Construction will soon restart on 2 World Trade Center following a commitment by American Express to serve as the anchor tenant for the 1,226-foot Financial District supertall. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the 55-story structure is the final component of the 16-acre World Trade Center complex and is slated to yield 1.95 million rentable square feet. The full-block property is bounded by Vesey Street to the north, Fulton Street to the south, Church Street to the east, and Greenwich Street to the west.
Demolition is about to get underway at 80 West Broadway, the site of a 14-story mixed-use building in Tribeca, Manhattan. Designed by COOKFOX and developed by Astral Weeks for AW Tribeca Holding, the 145-foot-tall structure will span 90,147 square feet and yield 25 condominium units with an average scope of 2,973 square feet. The project will also include 15,813 square feet of commercial space, a cellar level, and a rooftop terrace, according to permits filed in December. The 5,054-square-foot property is located at the northwest corner of West Broadway and Warren Street.
